Make sure the IRS has your updated information so you can get any money you’re owed from past stimulus checks as well as any future payments.
In response to the novel coronavirus, the U.S. government has been very generous with providing stimulus money to American citizens. President Donald Trump authorized two economic impact payments in his term, while President Joe Biden provided for one direct payment in the American Rescue Plan Act. Biden also expanded the Child Tax Credit and changed the way it is being delivered.
All of these stimulus payments, including the three stimulus checks as well as the expanded Child Tax Credit, are being handed out by the Internal Revenue Service. And that’s good news for some people because the IRS has their bank account information and financial details from past tax returns already on file. But it’s a problem for others, because they don’t file returns so the IRS doesn’t have their information.
If you are one of those taxpayers who hasn’t filed recent past returns, you may need to take action to get money you are due from past payments as well as to receive the upcoming Child Tax Credit payments. Here’s what you should do.
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